US Freedom Capital Blog

Dallas–Fort Worth economy expands at a torrid pace, 55000 new jobs added this year!

Posted by USFC Team on Jun 26, 2018 6:17:28 AM

The Dallas–Fort Worth economy continued to expand at a torrid pace. The May jobs report showed the metro area growing at a 3.7 percent annualized rate in the first five months of the year, adding a total of 55,500 net new jobs. The unemployment rate remained near record lows, and the Dallas and Fort Worth business-cycle indexes posted above-trend growth. Home-price appreciation moderated in Dallas in the first quarter but stayed strong in Fort Worth. Housing affordability improved slightly in the first quarter but was lower in Dallas relative to other major Texas metros as well as the U.S.

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Topics: Dallas, Texas, economy, jobs, Employment, housing, real estate

D-FW dodges overbuilding thanks to steady flow of new jobs

Posted by USFC Team on Apr 11, 2018 5:01:18 AM

The current real estate cycle is now well past middle age.

Analysts are pondering the life expectancy for North Texas' building boom.

By now in most building cycles, it's typically time for overbuilding. So far there's no sign of a glut building in Dallas-Fort Worth's development sector.

"With D-FW topping charts across U.S. construction totals, some question if, or when, this new supply will outstrip demand," CBRE research director Robert Kramp says in a new report. "The market is different now than past expansion cycles for several key reasons and it impacts all major asset types across D-FW - mainly due to job growth and population gains."

With almost 400 people a day moving to North Texas to fill new jobs, there's so far room in the local real estate market for more building, Kramp concludes.

He points out that D-FW has added more than 422,000 jobs since 2013, with more than 40,000 increased employment in the local office sector.

About 40 percent of the office buildings under construction in North Texas are already spoken for by tenants. And 50 percent of the warehouses being built are already leased.

"By the close of 2017, 22 new office projects were in the pipeline totaling 4.4 million square feet, with the majority being speculative," Kramp found. "D-FW industrial developers delivered 26.8 million square feet of industrial space in 2017 -- a market record; 20.6 million square feet was absorbed immediately.

"Developers delivered 102.3 millions square feet since 2009, more than the total existing Austin and San Antonio industrial market inventories combined."

While North Texas employment growth is forecast to slow to below 100,000 jobs this year, the economy is still expected to be one of the strongest in the nation. It should be enough to support the current pace of building.

"Since 2010, D-FW has seen 16.7 million square feet of new office space completed," Kramp said. "Meanwhile, 96.7 million square feet of industrial space was added to the Metroplex inventory and 115,499 multifamily units constructed.

"No wonder D-FW developers have been busy."

By Steve Brown, Real Estate Editor. Original article published on April 2, 2018 and a link to it can be found here.

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Topics: real estate, Employment, jobs, EB-5

Wells Fargo economist: ​‘No apparent let-up’ for Dallas hiring

Posted by USFC Team on Dec 19, 2016 8:31:54 AM

The Texas economy added more than 20,000 jobs in November, according to government data released Friday, as the Dallas area continues to drive new hirings in the state.

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Topics: jobs, Dallas, economy

Texas ranks No. 1 in nation for business capital investments

Posted by USFC Team on Aug 19, 2016 8:00:00 AM

Of the $166 billion in capital investment made in U.S. projects last year, almost a third of that came from Texas. The Lone Star State recorded $48.3 billion in capital investment, which ranked No. 1 in the country, according to a report from Ernst & Young. The state also ranked No. 1 in mobile project jobs with 38,400. 

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Topics: Texas, Investment, jobs

Charles Schwab to open $100M campus, bringing 1,200 new jobs

Posted by USFC Team on Aug 17, 2016 8:00:00 AM

Texas Governor Greg Abbott confirmed Tuesday that Charles Schwab Corp.(NYSE: SCHW) plans to develop a new $100 million regional campus in Westlake, which will house 1,200 new jobs upon completion, confirming last week's Dallas Business Journal story about the move.

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Topics: Texas, jobs, economy

Texas: Beyond Black Gold

Posted by David Gunderson on May 16, 2016 7:30:00 AM

For the entirety of its run atop the Chief Executive Best & Worst States for Business annual rankings, Texas has benefited from high or rising prices for crude oil, and from the savvy and energy of a single, exceptionally growth-minded governor.

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Topics: jobs, Taxes, Texas

CEOs Favor Pro-Growth, Low-Tax States

Posted by USFC Team on May 13, 2016 8:39:05 AM

CHIEF EXECUTIVE CANVASED 511 CEOs across the U.S. asking them to evaluate four or more states with which they are directly familiar. They were asked to rate each with respect to three categories they regard as highly important: taxes and regulations; quality of the workforce; and living environment, including such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.

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Topics: jobs, Taxes, Texas

The Wealth of Cities

Posted by USFC Team on Mar 25, 2016 3:08:44 PM

Dallas-Fort Worth is among the U.S. metros that prosper by giving citizens the freedom to flourish.

Adam Smith immortalized “The Wealth of Nations,” but prosperity in today’s world increasingly depends on the wealth of cities. In the United States, the 100 largest metropolitan areas churn out 65 percent of all economic output. In Texas, the Dallas-Fort Worth and Houston areas account for 63 percent of the state’s economy. With San Antonio and Austin added in, the big-city share rises to 76 percent.

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Topics: jobs, USA, Taxes, Texas

Medical giant McKesson bringing almost 1,000 new jobs to Irving in office consolidation

Posted by USFC Team on Mar 11, 2016 10:51:44 AM

McKesson is buying the former NEC America complex at the northeast corner of State Highways 114 and 161 in Irving. (David Woo/Staff Photographer)

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Topics: jobs, corporate, USA, Texas

The big reason Toyota is moving 3,000 jobs from California to Texas

Posted by David Gunderson on Jan 29, 2016 7:00:00 AM

By: Beth Braverman, The Fiscal Times, Dec. 15, 2015

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Topics: jobs, Migration, USA, Texas

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